A Senate bill sponsored by Sens. Elizabeth Warren, D-Mass., and Josh Hawley, R-Mo. that is set to be introduced would force companies that own health insurers or pharmacy-benefit managers, also known as PBMs, to divest their pharmacy businesses within three years, The Wall Street Journal reported Wednesday.
A companion bill is also set to be introduced Wednesday in the House, the Journal said.
The three largest PBMs -- CVS Health's (CVS) Caremark, Cigna's (CI) Express Scripts and UnitedHealth Group's (UNH) OptumRX -- belong to companies owning some of the nation's largest health insurers, according to the report.
CVS, Cigna and UnitedHealth did not immediately reply to requests for comment from MT Newswires.
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